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Endowment Question (not a winge!)

Hi

I have 3 endowments: Clerical Medical, Norwich Union and Windsor Life (strictly speaking a maximum investment & protection plan, but in effect just an endowment). All are over 10 years old and have performed as you might expect over the last few years - ie poorly. The thing is I don't currently have a house and even if I do buy one in the next 5 years, I would expect to take out a repayment mortgage. As I see it I am currently paying for Life assurance and a meagre profit.

In general terms, am I best off continuing to pay into these policies (around 110 per month) or should I make them paid up and invest the money in an equity ISA? I suspect I could get life assurance a lot cheaper than through one of these plans.

Regards

Neil

Reply to
Neil Cummins
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Hi Neil,

Whilst almost all endowments lost out big time over the last few years, many are performing well now, as the stockmarket appears to have turned a corner. Before making any decisions, I'd look at a site such as

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which allows you to create a wactch list of your individual endowments, and you can see performance graphs of each. Make sure you have you policies to hand to ensure you have the name of the fund right, as they'll have many different insurance funds listed. You may well be very pleasantly surprised, I had a quick look, and if you've got Clerical Med UK Equity, it made 25% last year ! OK it'll take a while to recover losses from the 2 or 3 years before, but theres probably more chance leaving it than moving it. Just my 2p worth, what do others think ?

Rich

Reply to
Rich

Rich

Thanks, but I can't seem to find any endowments on this site - any pointers/

Neil

Reply to
Neil Cummins

Go talk to an IFA .

Reply to
Marcus Collie

Neil, Click the watchlist tab (centre top). You'll have to register, then login.

Then is the left frame, click "add securities", then in the main frame click "click here to search for securities"..

In the page that opens, click the "instrument type" drop down and select "fund".

Put your policy company name in the box to the left.

In the page that opens select the exact policy you have, then click the little "chart" button. you can then select the time frame, I looked at 1 year......

HTH

Rich

Reply to
Rich

message

Rich

Got it sorted - many thanks

Neil

Reply to
Neil Cummins

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